II 

118TH CONGRESS 

2D SESSION S. 3918 

To require the Federal Energy Regulatory Commission to establish a shared 

savings incentive to return a portion of the savings attributable to an 

investment in grid-enhancing technology to the developer of that gridenhancing technology, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

MARCH 12, 2024 

Mr. WELCH (for himself and Mr. KING) introduced the following bill; which 

was read twice and referred to the Committee on Energy and Natural 

Resources 

A BILL 

To require the Federal Energy Regulatory Commission to 

establish a shared savings incentive to return a portion 

of the savings attributable to an investment in gridenhancing technology to the developer of that grid-enhancing technology, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Advancing Grid-En5 hancing Technologies Act of 2024’’ or the ‘‘Advancing 

6 GETs Act of 2024’’. 


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1 SEC. 2. DEFINITIONS. 

2 In this Act: 

3 (1) COMMISSION.—The term ‘‘Commission’’ 

4 means the Federal Energy Regulatory Commission. 

5 (2) GRID-ENHANCING TECHNOLOGY.—The term 

6 ‘‘grid-enhancing technology’’ means any hardware or 

7 software that— 

8 (A) increases the capacity, efficiency, reli9 ability, resilience, or safety of transmission fa10 cilities and transmission technologies; and 

11 (B) is installed in addition to transmission 

12 facilities and transmission technologies— 

13 (i) to give operators of the trans14 mission facilities and transmission tech15 nologies more situational awareness and 

16 control over the electric grid; 

17 (ii) to make the transmission facilities 

18 and transmission technologies more effi19 cient; or 

20 (iii) to increase the transfer capacity 

21 of the transmission facilities and trans22 mission technologies. 

23 (3) SECRETARY.—The term ‘‘Secretary’’ means 

24 the Secretary of Energy. 


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1 SEC. 3. SHARED SAVINGS INCENTIVE FOR GRID-ENHANC2 ING TECHNOLOGIES. 

3 (a) DEFINITION OF DEVELOPER.—In this section, 

4 the term ‘‘developer’’, with respect to grid-enhancing tech5 nology, means the entity that pays to install the grid-en6 hancing technology. 

7 (b) ESTABLISHMENT OF SHARED SAVINGS INCEN8 TIVE.—Not later than July 1, 2025, the Commission shall 

9 promulgate a final rule to implement section 219(b)(3) of 

10 the Federal Power Act (16 U.S.C. 824s(b)(3)) by pro11 viding a shared savings incentive that returns a portion 

12 of the savings attributable to an investment in grid-en13 hancing technology to the developer of that grid-enhancing 

14 technology, in accordance with this section. 

15 (c) REQUIREMENTS.— 

16 (1) IN GENERAL.—The Commission shall deter17 mine the percentage of savings attributable to an in18 vestment in grid-enhancing technology that can be 

19 returned to the developer of that grid-enhancing 

20 technology pursuant to the shared savings incentive 

21 established under subsection (b), subject to the con22 dition that the percentage is not less than 10 per23 cent and not more than 25 percent. 

24 (2) TIME PERIOD FOR RECOVERY.—The shared 

25 savings incentive established under subsection (b) 

26 shall return a percentage, determined in accordance 


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1 with paragraph (1), of the applicable savings to the 

2 developer of the applicable grid-enhancing tech3 nology over a period of 3 years. 

4 (d) ELIGIBILITY.—Subject to subsection (e), the 

5 shared savings incentive established under subsection (b) 

6 shall apply with respect to— 

7 (1) any developer, with respect to the invest8 ment of that developer in grid-enhancing technology 

9 that is installed as described in section 2(2)(B); and 

10 (2) any grid-enhancing technology, including— 

11 (A) grid-enhancing technology that relates 

12 to new transmission facilities or technologies; 

13 and 

14 (B) grid-enhancing technology that relates 

15 to existing transmission facilities or tech16 nologies. 

17 (e) LIMITATIONS.— 

18 (1) MINIMUM SAVINGS.— 

19 (A) IN GENERAL.—The shared savings in20 centive established under subsection (b) shall 

21 apply with respect to an investment in grid-en22 hancing technology only if the expected savings 

23 attributable to the investment over the 3-year 

24 period described in subsection (c)(2), as deterVerDate Sep 11 2014 04:04 Mar 19, 2024 Jkt 049200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\S3918.IS S3918

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1 mined by the Commission, are at least 4 times 

2 the cost of the investment. 

3 (B) DETERMINATION.— 

4 (i) IN GENERAL.—The Commission 

5 shall determine how to quantify the cost of 

6 an investment and the expected savings at7 tributable to an investment for purposes of 

8 subparagraph (A). 

9 (ii) COSTS.—For purposes of subpara10 graph (A), the cost of an investment may 

11 include any costs associated with the per12 mitting, installation, or purchase of the ap13 plicable grid-enhancing technology. 

14 (2) ALREADY INSTALLED GETS.—The shared 

15 savings incentive established under subsection (b) 

16 may not be applied with respect to grid-enhancing 

17 technology that is already installed as of the date of 

18 enactment of this Act. 

19 (3) CONSUMER PROTECTION.—The Commission 

20 shall determine appropriate consumer protections for 

21 the shared savings incentive established under sub22 section (b). 

23 SEC. 4. CONGESTION REPORTING. 

24 (a) IN GENERAL.—Beginning on the date that is 1 

25 year after the effective date of the rule promulgated under 


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1 subsection (b), all operators of transmission facilities or 

2 technologies shall submit to the Commission annual re3 ports containing data on the costs associated with conges4 tion management with respect to the transmission facili5 ties or technologies. 

6 (b) RULEMAKING.—Not later than July 1, 2025, the 

7 Commission shall promulgate a final rule establishing a 

8 universal metric and protocol for the measuring and re9 porting of data under subsection (a). 

10 (c) USES OF DATA.— 

11 (1) ANALYSES.— 

12 (A) IN GENERAL.—The Commission and 

13 the Secretary shall each use the data submitted 

14 under subsection (a) to conduct analyses, as the 

15 Commission or the Secretary, as applicable, de16 termines to be appropriate. 

17 (B) COORDINATION.—The Commission 

18 and the Secretary may coordinate with respect 

19 to any analyses conducted using the data sub20 mitted under subsection (a). 

21 (2) MAP.—The Commission and the Secretary, 

22 acting jointly, shall— 

23 (A) use the data submitted under sub24 section (a) to create a map of costs associated 


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1 with congestion management in the trans2 mission system; and 

3 (B) update that map not less frequently 

4 than once each year. 

5 (d) PUBLICATION OF DATA AND MAP.—The Com6 mission and the Secretary shall make the data submitted 

7 under subsection (a) and the map described in subsection 

8 (c)(2) publicly available on the websites of— 

9 (1) the Commission; and 

10 (2) the Department of Energy. 

11 SEC. 5. GRID-ENHANCING TECHNOLOGY APPLICATION 

12 GUIDE. 

13 (a) DEFINITION OF DEVELOPER.—In this section, 

14 the term ‘‘developer’’ means a developer of transmission 

15 facilities or transmission technologies, including a devel16 oper of transmission facilities or transmission technologies 

17 that pays to install grid-enhancing technology with respect 

18 to those transmission facilities or transmission tech19 nologies. 

20 (b) ESTABLISHMENT OF APPLICATION GUIDE.—Not 

21 later than July 1, 2025, the Secretary shall establish an 

22 application guide for utilities and developers seeking to im23 plement grid-enhancing technologies. 

24 (c) UPDATES.—The guide established under sub25 section (b) shall be reviewed and updated annually. 


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1 (d) TECHNICAL ASSISTANCE.— 

2 (1) IN GENERAL.—On request of a utility or de3 veloper using the guide established under subsection 

4 (b), the Secretary shall provide technical assistance 

5 to that utility or developer with respect to the use 

6 of grid-enhancing technologies for particular applica7 tions. 

8 (2) CLEARINGHOUSE.—In carrying out para9 graph (1), the Secretary shall establish a clearing10 house of previously completed grid-enhancing tech11 nology projects that the Secretary, utilities, and de12 velopers may use to identify issues and solutions re13 lating to the use of grid-enhancing technologies for 

14 particular applications. 

15 (e) AUTHORIZATION OF APPROPRIATIONS.—There 

16 are authorized to be appropriated to carry out this section, 

17 to remain available until expended— 

18 (1) $5,000,000 for fiscal year 2024; and 

19 (2) $1,000,000 for each of fiscal years 2025 

20 through 2035. 

Æ 


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